Tolberti

Ripple XRP - Finally huge opportunity! + Elliott Wave + Channel

Long
BINANCE:XRPUSDT   XRP / TetherUS
  • XRP can finally make an uptrend, we have a local descending channel on the daily chart, which is very close to a breakout!
  • As per my Elliott wave analysis, the ABC correction can be completed, so we there is a great chance for an uptrend.
  • On the RSI indicator we can spot a bullish divergence with higher lows.
  • We haven't retested the massive yellow triangle yet, so we can definitely do it in the immidiate short term.
  • Your profit target can be end of the wave (1) + retest of the triangle + 200MA.
  • Look at my ideas about interesting altcoins in the related section down below ↓
  • For more ideas please hit "Like" and "Follow"!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.